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AZZ's (NYSE:AZZ) 46% Return Outpaced the Company's Earnings Growth Over the Same One-year Period

AZZ's (NYSE:AZZ) 46% Return Outpaced the Company's Earnings Growth Over the Same One-year Period

AZZ(紐約證券交易所代碼:AZZ)46%的回報率超過了公司同期的收益增長
Simply Wall St ·  01/23 10:50

The simplest way to invest in stocks is to buy exchange traded funds. But investors can boost returns by picking market-beating companies to own shares in. For example, the AZZ Inc. (NYSE:AZZ) share price is up 44% in the last 1 year, clearly besting the market return of around 19% (not including dividends). So that should have shareholders smiling. However, the stock hasn't done so well in the longer term, with the stock only up 25% in three years.

投資股票的最簡單方法是購買交易所交易基金。但是,投資者可以通過選擇市場領先的公司來持有股票,從而提高回報。例如,AZZ Inc.(紐約證券交易所代碼:AZZ)的股價在過去1年中上漲了44%,顯然超過了約19%(不包括股息)的市場回報率。因此,這應該讓股東們微笑。但是,從長遠來看,該股表現不佳,該股在三年內僅上漲了25%。

On the back of a solid 7-day performance, let's check what role the company's fundamentals have played in driving long term shareholder returns.

在連續7天表現穩健的背景下,讓我們來看看公司的基本面在推動長期股東回報方面發揮了什麼作用。

See our latest analysis for AZZ

查看我們對 AZZ 的最新分析

There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.

不可否認,市場有時是有效的,但價格並不總是能反映潛在的業務表現。評估公司情緒變化的一種有缺陷但合理的方法是將每股收益(EPS)與股價進行比較。

During the last year AZZ grew its earnings per share (EPS) by 17%. This EPS growth is significantly lower than the 44% increase in the share price. This indicates that the market is now more optimistic about the stock.

去年,AZZ的每股收益(EPS)增長了17%。每股收益的增長明顯低於股價44%的漲幅。這表明市場現在對該股更加樂觀。

The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).

下圖顯示了 EPS 在一段時間內的跟蹤情況(如果你點擊圖片,你可以看到更多細節)。

earnings-per-share-growth
NYSE:AZZ Earnings Per Share Growth January 23rd 2024
紐約證券交易所:AZZ每股收益增長 2024年1月23日

It is of course excellent to see how AZZ has grown profits over the years, but the future is more important for shareholders. Take a more thorough look at AZZ's financial health with this free report on its balance sheet.

看到AZZ多年來如何增加利潤當然是件好事,但未來對股東來說更爲重要。通過這份免費的資產負債表報告,更全面地了解AZZ的財務狀況。

What About Dividends?

分紅呢?

As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for AZZ the TSR over the last 1 year was 46%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!

除了衡量股價回報率外,投資者還應考慮股東總回報率(TSR)。儘管股價回報率僅反映股價的變化,但股東總回報率包括股息的價值(假設已進行再投資)以及任何折扣融資或分拆的收益。可以說,股東總回報率更全面地描述了股票產生的回報。我們注意到,對於AZZ而言,過去1年的股東總回報率爲46%,好於上述股價回報率。這在很大程度上是其股息支付的結果!

A Different Perspective

不同的視角

It's good to see that AZZ has rewarded shareholders with a total shareholder return of 46% in the last twelve months. And that does include the dividend. That's better than the annualised return of 8% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand AZZ better, we need to consider many other factors. Even so, be aware that AZZ is showing 1 warning sign in our investment analysis , you should know about...

很高興看到AZZ在過去十二個月中向股東提供了46%的總股東回報率。這確實包括股息。這比五年來8%的年化回報率要好,這意味着該公司最近的表現更好。在最好的情況下,這可能暗示着一些真正的業務勢頭,這意味着現在可能是深入研究的好時機。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解AZZ,我們需要考慮許多其他因素。即便如此,請注意,AZZ在我們的投資分析中顯示了1個警告信號,您應該知道...

Of course AZZ may not be the best stock to buy. So you may wish to see this free collection of growth stocks.

當然,AZZ可能不是最值得購買的股票。因此,您可能希望看到這批免費的成長股。

Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.

請注意,本文引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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